Entity Owned Property summary
This exceptional 11.4-acre commercial land parcel presents a unique development opportunity in the heart of Memphis, Tennessee. Comprising 13 individual lots, this property boasts a highly desirable South Downtown Business Park designation, allowing for a diverse range of commercial uses. Strategically located at 670 S 4th St, Memphis, TN 38126, the site offers unparalleled access to major transportation arteries, including convenient proximity to Memphis International Airport, the Port of Memphis, and the BNSF Intermodal Yard. High traffic counts are a significant advantage, with Danny Thomas Blvd (10,274 AADT), E. E. H. Crump Blvd (14,569 AADT), and E. Georgia Ave (8,168 AADT) providing excellent visibility and accessibility. The property's location places it in close proximity to numerous established national tenants, including AutoZone, FedEx, Insight Global, Eagle Distributing, Farrell-Calhoun, Memphis Equipment Company, Ghost River Brewing Co., and Tri State Truck Center, further enhancing its investment potential. Originally developed in 1974, this site is ready for redevelopment, offering a blank canvas for a visionary project in a thriving urban environment. This is an exceptional opportunity to capitalize on the robust growth and strategic location of this prime Memphis property.
Property profile
VerifiedCap rate & NOI
Current use
-
Corporate Office
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SDBP · Memphis, TNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for SDBP in Memphis, TN.
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